Jacobs Well Ministries Inc
Jacobs Well Ministries Inc operates near break-even with growing assets and liabilities, and no reported officer compensation.
EIN: 202882773 · Poplarville, MS · NTEE: L41 · Updated: 2026-03-28
Is Jacobs Well Ministries Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Jacobs Well Ministries Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Jacobs Well Ministries Inc
Jacobs Well Ministries Inc (EIN: 202882773) is a nonprofit organization based in Poplarville, MS, classified under NTEE code L41. The organization reported total revenue of $2.4M and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Jacobs Well Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Jacobs Well Ministries Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Jacobs Well Ministries Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Jacobs Well Ministries Inc consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly unusual and suggests a volunteer-led or externally funded leadership structure.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Jacobs Well Ministries Inc's IRS 990 filings:
- High liabilities relative to assets in recent periods (e.g., 202405: Liabilities $1,352,658 vs. Assets $1,325,947)
- Consistent near break-even operations could limit ability to build reserves for future challenges or expansion.
Strengths
The following positive indicators were identified for Jacobs Well Ministries Inc:
- Consistent reporting of 0% officer compensation, indicating strong commitment to mission spending.
- Steady revenue generation, averaging over $2 million annually in recent years.
- Significant growth in assets over time, from $107,352 in 201705 to $1,325,947 in 202405.
Frequently Asked Questions about Jacobs Well Ministries Inc
Is Jacobs Well Ministries Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Jacobs Well Ministries Inc (EIN: 202882773) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Jacobs Well Ministries Inc spend its money?
Jacobs Well Ministries Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Jacobs Well Ministries Inc tax-deductible?
Jacobs Well Ministries Inc is registered as a tax-exempt nonprofit (EIN: 202882773). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Jacobs Well Ministries Inc a good charity?
Based on the available data, Jacobs Well Ministries Inc appears to be a financially responsible charity, particularly given its consistent reporting of 0% officer compensation and its operational model of spending close to its revenue. The growth in assets also suggests increasing capacity. However, the high liabilities relative to assets in recent years warrant further investigation to fully assess long-term financial health.
What is the nature of the high liabilities reported by Jacobs Well Ministries Inc?
The IRS 990 data shows liabilities often exceeding or closely matching assets, such as $1,352,658 in liabilities against $1,325,947 in assets in 202405. Without access to the full 990 forms, the specific nature of these liabilities (e.g., program-related debt, mortgages, grants payable) cannot be determined, but it's a key area for further inquiry.
How does Jacobs Well Ministries Inc manage to operate without officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based, compensated through other means not reported as officer compensation on the 990, or that executive functions are handled by an affiliated entity. This is a significant indicator of dedication to mission but also raises questions about sustainability and operational structure.
Filing History
IRS 990 filing history for Jacobs Well Ministries Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Jacobs Well Ministries Inc's revenue has declined by 1.5%, moving from $2.2M to $2.2M. Total assets increased by 98.4% over the same period, from $668K to $1.3M. Total functional expenses rose by 126.4%, from $960K to $2.2M. In its most recent filing year (2024), Jacobs Well Ministries Inc reported a deficit of $6K, with expenses exceeding revenue. The organization holds $1.4M in liabilities against $1.3M in assets (debt-to-asset ratio: 102.0%), resulting in net assets of $-26,711.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $2.2M | $2.2M | $1.3M | $1.4M | — | View 990 |
| 2023 | $2.7M | $2.6M | $997K | $1.0M | — | View 990 |
| 2022 | $2.6M | $2.7M | $1.3M | $1.3M | — | View 990 |
| 2021 | $2.0M | $2.0M | $625K | $548K | — | View 990 |
| 2020 | $2.3M | $1.8M | $851K | $439K | — | View 990 |
| 2019 | $1.8M | $1.4M | $715K | $426K | — | View 990 |
| 2018 | $1.3M | $1.1M | $630K | $0 | — | — |
| 2017 | $1.2M | $1.1M | $107K | $1.1M | — | View 990 |
| 2016 | $2.6M | $1.3M | $126K | $1.3M | — | View 990 |
| 2015 | $2.6M | $1.3M | $122K | $1.3M | — | View 990 |
| 2014 | $1.2M | $1.0M | $115K | $1.0M | — | View 990 |
| 2013 | $2.5M | $1.1M | $161K | $1.1M | — | View 990 |
| 2012 | $2.2M | $960K | $668K | $1.1M | — | — |
Year-by-Year Financial Summary
- 2024: Revenue of $2.2M, expenses of $2.2M, and assets of $1.3M (revenue -18.2% year-over-year).
- 2023: Revenue of $2.7M, expenses of $2.6M, and assets of $997K (revenue +1.5% year-over-year).
- 2022: Revenue of $2.6M, expenses of $2.7M, and assets of $1.3M (revenue +28.7% year-over-year).
- 2021: Revenue of $2.0M, expenses of $2.0M, and assets of $625K (revenue -9.9% year-over-year).
- 2020: Revenue of $2.3M, expenses of $1.8M, and assets of $851K (revenue +24.2% year-over-year).
- 2019: Revenue of $1.8M, expenses of $1.4M, and assets of $715K (revenue +43.6% year-over-year).
- 2018: Revenue of $1.3M, expenses of $1.1M, and assets of $630K (revenue +9.0% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.1M, and assets of $107K (revenue -55.8% year-over-year).
- 2016: Revenue of $2.6M, expenses of $1.3M, and assets of $126K (revenue +1.5% year-over-year).
- 2015: Revenue of $2.6M, expenses of $1.3M, and assets of $122K (revenue +117.8% year-over-year).
- 2014: Revenue of $1.2M, expenses of $1.0M, and assets of $115K (revenue -51.7% year-over-year).
- 2013: Revenue of $2.5M, expenses of $1.1M, and assets of $161K (revenue +11.6% year-over-year).
- 2012: Revenue of $2.2M, expenses of $960K, and assets of $668K.
Data Sources and Methodology
This transparency report for Jacobs Well Ministries Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.